Galantas Gold Corp V.GAL

Alternate Symbol(s): GALKF

Metals & Mining Gold

Galantas Gold Corporation is a Canada-based company, which is operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing volcanogenic massive sulfide (VMS) deposit in Scotland. The Company's projects include Omagh Project and Gairloch Project. The Omagh Project is situated within an approximately 189 square kilometer (km2) license area, which lies 1.5 hours drive west of Belfast, in Northern Ireland. The Company holds approximately seven exploration licenses over an area of around 596.7 km2. The Company holds exploration and developments rights to the Gairloch Project, an approximately 217 km2 mineral license area in Scotland that covers the Gairloch Schist Belt. VMS deposits are major sources of zinc, copper, lead, silver and gold. They often form in clusters in areas of ancient underwater volcanic activity. Its subsidiary is Cavanacaw Corporation.

TSXV:GAL - Post by User

Galantas Gold Corp

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Comment by xtreme66on Mar 30, 2011 6:33am

284 Views

Post# 18359677

RE: RE: gold producer for 7.5 cents

Great post there
At 7.5 cents I don't think you can go wrong with a junior that is a producer The company which holds the adjacent license area DNA has just raised $39m.
They are years away from production and don't seem to have any other assets apart from a prospecting license and the cash. That means their market cap of $109m values their licence at $70m.
T:DNA - DALRADIAN RESOURCES INC $2.20

Makes GAL's $7m market cap look tiny in comparison!

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